for a start I'd prefer LVT to trade as a public company as irrespective of the current price, a public company still offers the most transparency around disclosure and liquidity for small shareholders
worse case scenario I'd take Primary markets as an option, but nothing about that option appeals to me (neither the transparency as a private company, the cost of any transaction and the liquidity to determine what an appropriate market price is).....for all we know mgmt could partner with a private investor to hover up shares on Primary Markets at a discount to the current price (which itself to me seems out of sync with the market value given mgmt's actions). I'm not saying that will happen, but there is very little that anyone can do (or is even visible) when you have a private company with minority shareholders.
and no I don't want it both ways.....I just want to understand (like most shareholders) what mgmt were thinking when coming to the delisting decision, and then start preparing to answer all the questions around what that actually means for most holders who are not going to be privy to regular updates on the business performance, but then also make judgements on what is a fair market price on an illiquid trading platform for these shares
LVT Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
